b. Right click on the trade window. A menu will pop up. e.g.: Choose Trade Append>Buy to Open (Open Long)

c. Click the Append button. A dialog box will pop up.

Step 3: The popup dialog box allows you to record the purchase of a security below:

Function

Description

Enter Transaction

Select Transaction Type.

There are the following options from its dropdown list :

Buy to Open –— Buy Stock/Option to Open a Long position

Sell to Close –— Sell Stock/Option to Close a Long position

Buy to Close –— Buy Stock/Option to Close a Short position

Sell to Open –— Sell Stock/Option to Open a Short position

Default value is : Buy to Open

Transaction Date

Select the trade date

Account

Select the account that you are purchasing shares for.

Security Name

Enter the security name manually in theSecurity Namefield or Select it from the Symbol dropdown list.

Additionally, the entering process supportsAutoComplete function which, leads to pop ups of a list of suggestions to the user based on the characters entered.

Type

Specify the Type of trade transaction. Available choices are: Stock/Option/Future

Number Of Shares

For Type of Stock, this field specify the number of shares been traded. For Type of Option, this field specify the hands of options been traded. Normally the value of 1 indicates the option of exercising 100 shares of Stock.

Orig Currency

Original Trade Currency type.

There are seven Currency types in the dropdown list:

USD, EUR,CAD,AUD,JPY,HKD,GBP

If you choose EUR,CAD,AUD,JPY,HKD,GBP as Orig Currency, the dailog box will appear an icon , click this button, the dailogbox will extend.

Base Currency

Domestic currency type or accounting currency type for accounting purposes. Currently IB allows customer to choose different basis currency other than USD.

USD Currency

Settlement currency for tax purposes.

Price (per share)

The transaction price of Stock/Option per share/unit.

Base Price

The share price at Base currency price.

USD Price

The share price at USD Currency price.

Rate

“Rate”related to derivative product like option, future. For instance, an option has a 100 “Rate” which means an option contract is for 100 shares of the underlying stock.